Foreigners Assume Net Buying As Turnover Spikes By 115.87%

Foreign investors at the Nairobi Securities Exchange (NSE) assumed a net buying position during the session on Friday according to a brief from Dyer & Blair Investment Bank.

Foreign investors on Friday accounted for 65.04 percent of total market purchases and 51.54 percent of all the market sales.

During the sessions, the total equity turnover rose by 115.87 percent to close the day at USD 10.93 million, an equivalent to 1.12 billion shillings compared to a turnover of USD 5.06 million, an equivalent to 520 million shillings.

The NSE 20 and NASI indices edged up by 0.15 and 0.87 percent to close the day at 2,618.62 and 157.93 respectively.

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